Removal from the Sainsbury's Bank and other lender panels: Why they do it and how to get reinstated
- Sainsbury's Bank may terminate membership of its conveyancing panel where a firm fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
- Failure to act in accordance with the Sainsbury's Bank panel requirements, the written instructions that Sainsbury's Bank provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Sainsbury's Bank may subsequently subscribe.
- Failure to reapply to remain on the Sainsbury's Bank convincing panel
- Your practice fails to meet the criteria to remain on the Sainsbury's Bank conveyancing panel
- Breaches of Sainsbury's Bank conveyancing panel Terms and Conditions
Questions Sainsbury's Bank panel reinstatement firms ask us
- Is it possible to find out our application for reinstatement is refused?
- Do any avenues remain open if my firm’s reinstatement panel application with Sainsbury's Bank is declined?
- Is it the practice manager who is required to complete the reinstatement application to the Sainsbury's Bank panel ?
- What are the next steps open to me if our Sainsbury's Bank panel reinstatement application is rejected and our client has a mortgage application with the Sainsbury's Bank?
- Is there a fee to be reinstated onto the Sainsbury's Bank conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Sainsbury's Bank panel reinstatement is to ensure that your firm is not removed off of the Sainsbury's Bank conveyancing panel in the first place.
Note: Subject to certain conditions Lexsure’s experts or consultants can assist in providing you with guidance for reinstatement onto the Sainsbury's Bank conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Sainsbury's Bank directly or via their preferred panel manager. Any reinstatement application will have to be made by your firm. For the avoidance of doubt, Lexsure (or the Conveycentric Team) are in no way involved in managing the Sainsbury's Bank conveyancing panel.